Press release
Kefir Market Research, Insights, Demand, Analysis And Forecast 2024 - 2033
Kefir Market
The kefir market size is expected to see strong growth in the next few years. It will grow to $2.65 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to expansion of online retail channels for kefir, rising prevalence of lactose intolerance and dairy sensitivities, research on kefir's potential health benefits beyond digestive health, demand for convenient and ready-to-drink kefir products, inclusion of kefir in functional food and beverage formulations. Major trends in the forecast period include plant-based and non-dairy kefir, flavor innovation and blends, diy kefir kits and home fermentation, packaging innovations for extended shelf life, kefir-infused snacks and beverages.
Market Overview -
Kefir refers to fermented dairy products made up of kefir grains, which consist of bacteria and yeast. Kefir is produced by fermenting milk with commercialized freeze-dried kefir starter cultures, traditional kefir grains, and products that remain after the removal of kefir grains. Kefir contains bacteria and yeast that are actively developing. The impact of bacteria and yeast on milk causes the creation of enzymes and substances that influence the digestion of meals.
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The Surging Kefir Market In Response To The Demand For Functional Beverages And Nutrient-Rich Options
The growing popularity of functional beverages will propel the Kefir market. A functional beverage is a non-alcoholic drink that contains ingredients such as herbs, vitamins, minerals, amino acids, additional raw fruit or vegetables, and others. The demand for nutrient-rich drinks, sugar-free products, and non-dairy products lead to the Kefir market growth. According to the data published by Nielsen IQ in March 2021, a US-based information services company, products that fit the requirements for a plant-based diet made up 14% of the money spent on food and beverages. Therefore, the rising demand for functional beverages will drive the kefir market.
Competitive Landscape -
Major companies operating in the kefir market include Danone SA, Lifeway Foods Inc., Nestle SA, Fresh Made, Maple Hill Creamery LLC, The Hain Celestial Group Inc., Green Valley Organics, Wallaby Yogurt Company, Biotiful Dairy Ltd., Redwood Hill Farm & Creamery Inc., Babushka Kefir, Greek Gods Yogurt, GO-KEFIR, Nancy's Probiotic Foods, Yofix Probiotics Ltd., Grace Harbor Farms, Forager Project LLC, Rumba Kefir, Organic Meadow Limited Partnership, Oak Knoll Dairy, Oy Elopak Ab, Latta Buildtech Private Ltd., Güvenç A.S, Kri Kri Milk Industry SA, New Age Farm Inc., One Straw Farm, Lifeway Foods Canada Inc., Granarolo S.p.A, Good Karma Foods Inc., The Icelandic Milk and Skyr Corporation, Green Mountain Creamery LLC
The Role Of R&D Initiatives And Investments In Shaping The Kefir Market's Future
R&D initiatives and investments are a key trend gaining popularity in the Kefir market. As the preferences of people for healthy snacks and drinks are growing, the companies operating in the kefir market are investing in R&D activities to develop innovative kefir products. For instance, in October 2021, a New Zealand-based producer of young coconut kefir launched a crowd funding campaign to support the research and development of an innovative new range of kefir-fermented food and beverage products, in collaboration with local producers of Aotearoa.
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Key Segments -
The kefir market covered in this report is segmented -
1) By Type: Milk Kefir, Water Kefir
2) By Form: Organic, Conventional
3) By Category: Flavored kefir, Non-Flavored kefir
4) By Source: Animal milk , Soy milk , Coconut milk, Other Sources
5) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Specialist Stores, Other Distribution Channels
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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